If municipalities say it is no longer reliable to invest in U.S. securities, because of the way the Federal Government treats bondholders by taking over companies, firing their executives, that is pretty scary.
Manzullo warns about the risks of investing in U.S. securities due to government actions.
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But we can talk all we want about the Volcker Rule, about this and about that and we need to get back to, at least in my opinion the reason for the collapse of the economy was in the residential home market.
I am also hearing from a lot of small business people who have around 50 people that they are going to fire people to get below 50 so they are not covered by the President's health care.
The problem I still have with Dodd-Frank is at the time of the collapse, there were Federal regulations and laws in effect that if had been properly implemented, could have avoided the entire crash.
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